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20121201
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Search Results 0 to 9 of about 10 (some duplicates have been removed)
while there may be behind the scenes action in terms of talks, no one from the house is home. big moves by citigroup's new chairman and ceo. he announced 11,000 layoffs this week. citi will take a pre-tax charge of more than a billion dollars. the markets liked the move. the stock rallied about 7% on the expense cuts. >>> a big deal for netflix and dismy, they announced a licensing agreement to show disney movies shortly after they leave the theaters. the fiscal cliff and jobs numbers and state of the economy. who better to talk about all of that than robert reich, former secretary of labor in the clinton administration and current economics professor at the university of california at berkeley. good to see you. thanks so much for joining us. >> how are you? >> let's talk about these numbers on friday, the surprisingly strong jobs numbers. 146,000 new jobs created. the unemployment rate dropping to 7.7%. we were expecting some impact from the super storm sandy in earlier thanksgiving. what do the numbers say about the economy? >> apparently we are still struggling. these are not hugely
. the turtles are really hot, all the action figures we had are selling out like crazy. this is legos, teenage mutant ninja turtles. >> you said legos is now the hottest toy company by far. >> by far the most rapidly growing company. people love legos. there is a learning component to it. everyone thinks it helps develop the brain a little bit. >> do you think it's good for boys and girls? >> what's so interesting, i brought lego friends here. and lego frankly has struggled with girls throughout its entire existence, until now. until this year. lego friends is doing fantastic with girls. it has little dolls that you construct as well as this is the lego friends summer riding camp. girls just love horses, and this has been a run-away hit, lego friends for girls. >> so you have mutant teenage ninja turtles and then you have the friends. >> lego friends. >> and lego galaxy squad bug obliterator. >> this is another new thing. a new theme, space theme for lego this year. and, again, it is something that we've got first to market, just brought into the stores over the last week or two. really next y
of representatives left for a long weekend on wednesday. while there may be some behind-the-scenes action in terms of the talk no one from the house is home. they announced 11,000 layoffs from citi. the markets liked the move. the stock rallied on the expense cuts. netflix and disney announced a licensing agreement that will give netflix the right to show disney movies shortly after the they leave the theaters. so much to talk about, the fiscal cliff, jobs numbers, the state of the economy who better to talk about it than robert reich and current economics professor at the berkeley. let's talk about the numbers. on friday the surprisingly strong jobs numbers, 146,000 new jobs created. the unemployment rate 7.7%. we were expecting impact from superstorm sandy and earlier thanksgiving. what do these numbers say about the economy? >> apparently we are still struggling. they are not hugely wonderful numbers. i don't think that anyone should breathe a sigh of relief but we are undoubtedly moving in the right direction. early thanksgiving may have cancelled out negative effects of sandy. the bureau of s
. all the action figures we have are selling out like crazy. this is legos teenage mutant ninja turtles. >> you say it's the largest toy company. >> by far the most rapidly growing company. people love legos. there's a learning component to it. people think it helps the brain. >> i brought lego friends here. >> cool. >> lego has struggled with girls throughout the entire existence until now, until this year. lego friends is doing fantastic with girls. it has little dolls that you construct, as well as this is lego friends summer riding cap. girlses just love horses. this has been a run away hit, lego friends for girls. >> you have mutant teenage ninja turtles and lego girls. and a bug obliterator. >> space theme for lego this year. and, again, it is something that we've got first to market. it just brought in from the stores over the last week or two. it's really next year's product this year because we're so close to christmas we're able to get some sneak peeks of new products like this. this is going to be a big space thing for lego for next year. they have really complex stories buil
want to have as much action as you can in 2012 when the rates are lower. >> ask you about the tax ret credits expiring. fairly commonly used actually. tell us about those and what to expect. >> you can forget your taxes going up. there are a lot of credits and deductions that will go away too. the child tax credit. that's at $1,000 -- $1,000 credit. that would be cut back to $500. the american opportunity tax credit which allows you to take a kretd credit of up to $2,500 of college expenses would disappedi disappear altogether. the things congress has put in place to reduce marriage tax penalty would be gone. the amt would be gone. those are things that would disappear that people may not be talking about as much right now. >> they are all talking about mortgage deduction and charitable deduction. these are also on the table. possibly on the chopping block. >> those things are, as well. another thing people haven't been thinking about as much but estate tax, dramatic change in that. that has been all over the board for a number of years. but it is on the table now. right now, estates
the next couple of years. it's very significant action in congress that would be signed by the president to alter some substantially change it. so you will see a couple of things happening there. one, some of the major taxes will roll out, three big taxes that are going to fund, although not -- we should be clear on this -- the tax on high value health insurance plans provided by employers. that won't begin until 2018. you will see changes in the medical delivery system itself. key performance for hospitals in terms of how they pay for services, moving away from pay for volume and towards pay for quality. those are going to roll out over the next year. come the end of next year 2013, we will see the massive coverage expansion where many, many, many people get the tax credit to either get private insurance or get covered by medicaid. we still expect the scale of that expansion by the beginning of 2014 to be in the range of 25 to 30 million people. they will be a lot of folks. beyond health care, it becomes a lot less certain. gun control, i wouldn't -- i expect a significant conversation.
and has advice for turning a passion into action. charles bronfman and jeffrey so solomon are the co-authors of "the art of doing good." who is the primary audience for this book? >> this one is for everybody because what we've done is highlight 18 social entrepreneurs who started with nothing, and to show all the problems that they went through and how they made it and in one or two bases didn't quite make it. >> it's a great way to look at it. 18 social entrepreneurs you want to offer a game plan for launching effective non-profits. what's social entrepreneur? tell me the way the skills can be useford doing good? >> the dynamics are the same except there aren't capital markets for the social entrepreneur. there isn't the financial potential, bottom line, for the social entrepreneur but the social entrepreneur is driven by th same passion of an idea of how do we make the world better in a more effective way. so one young man jordan who we feature was in optetry school in south africa and put glasses on a 7-year-old nearly blind and saw his life change and he decided he's going to b
Search Results 0 to 9 of about 10 (some duplicates have been removed)